When we perform well at work, most of us expect that our bosses will reward us with a bonus or a pay raise. Sometimes it can be very elusive on how to actually get an increase in your paycheck, but wouldn’t it be great to know how you could control your destiny. This doesn’t mean having to suck up for your mid-year review or make a mad dash to sell in the 4th quarter. For certain, we don’t want to end up like Clark Griswold and open our bonus paychecks only to find out we were enrolled in the Jelly of the Month Club. Actually, recent studies have shown that exercise can have a dramatic impact on whether you get a pay raise at work even though it’s never written in any manual or book at work.
Vasilios Kosteas, economics professor at Cleveland State University and the study’s author, told SmartMoney that his study shows that exercise leads to higher pay, since the study compares workers with a similar propensity to exercise. Attractiveness is associated with higher pay, according to several studies. For women, obesity is associated with an 18 percent wage reduction, one study found. (source: huffingtonpost.com). The study found overall that workers that exercise on a regular basis earn more 9% more than inactive workers. Most of us were worried about gaining the freshman 15 when we went to college. In a study done by Career Builder 44% of workers say they have gained weight in their current job. Seems to make sense with these over bloated cafeterias in our workplaces and fast food all around us when we go out to eat. So what can you do about this?
START AT THE WORKPLACE – Start at the office. A health club can cost more than $500 a year, but your health plan may give you a break. Customers in 23 Blue Cross/Blue Shield plans (see blue365deals.com for details) can buy memberships for only $300 a year.
JOIN FORCES WITH OTHERS AT WORK – Two-thirds of trainers lower their prices for groups, so team up with friends to request a per-person rate that’s 20% to 30% less than for a one-on-one session.
BUY A GYM – You can check out usedgymequipment.com for lower cost gear. For less than $200, you can get a gym bag’s worth of essential exercise gear: dumbbells, resistance bands, a jump rope, and a fitness ball. Then use Nike’s free Training Club iPhone app to guide you through your workout.
In the movie Rocky IV, they played the song ‘No Easy Way Out’ which is one of my favorite motivational songs. If you are really motivated to get a pay raise in the year ahead, it might actually be true that your job performance doesn’t carry 100% of the weight. They say your bosses are always watching what you do. Maybe exercising three times a week is just the cure to getting your income to go up while your weight goes down.
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Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder of oXYGen Financial, Inc - The Leaders in Gen X & Y Financial Advice and Services
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